The recent launch of Donald Trump NFT (Digital Trading) cards has generated significant buzz in the crypto community. However, it appears that the excitement surrounding the project has waned significantly in recent days, with trading activity dropping off sharply.
According to data from OpenSea, the floor price of Trump Digital trading cards has plummeted over 90%, falling to just 0.17 Ethereum (CRYPTO: ETH) since its launch. At its peak on December 19th, Trump NFTs were sold for over 0.54 Ethereum. However, in the days since then, sales have dropped by an astounding 98%, falling from 11,548 to just 187 on Monday.
The decrease in sales is reflected in the decline of daily trading volume of NFTs. According to CryptoSlam, just 28 unique buyers were reported across a total of 98 transactions on Sunday, a decline of almost 99% in daily volume. This decline in activity suggests that the initial surge of interest in Trump NFTs was short-lived and that investors have cooled off on the project.
The Trump NFTs consist of 45,000 trading cards featuring a variety of creative cosplay costumes such as astronaut, cowboy and superhero. Originally launched on Polygon (CRYPTO: MATIC), the NFTs offered buyers the chance to win exclusive rewards such as dinner or a meet-and-greet with Trump himself.
Overall it appears that the initial excitement around the launch of Donald Trump’s NFTs have not sustained, and the trading activity of these digital cards have decreased dramatically since the launch. It is yet to be seen if the project will pick up again, or if it will fade into obscurity.
